New York, November, 29, 2017: Axiom Market Research & Consulting published a report on Global Microencapsulation Market, By Applications (Pharmaceuticals, Household Products, Agrochemicals and Food & Feed Additives and Others) and Geography Forecast Upto 2022. The global microencapsulation market accounted for USD 5.7 billion in 2016 and is estimated to reach USD 9.0 billion in 2022. The market is expected to grow at a CAGR of 7.90 % over the period of 2017 to 2022.

The factors driving the microencapsulation market are rising demand for functional foods, growing demand of microencapsulation in pharmaceutical industry, growing application of microencapsulation in detergents market and textile etc. Microencapsulation technology involves the enclosing of solids, liquids or gases in microscopic particles through micro coating of compounds. The microencapsulation technology allows a substance to be enclosed in a microsphere which has diameter as small as 1 µm. Microencapsulation process is used for encapsulating several active materials such as drugs, enzymes, vitamins, flavors, pesticides, agrochemicals and catalysts inside microcapsules. These microcapsules are made up of polymeric and non-polymeric materials such as poly ethylene glycols and cellulose etc.

Axiom Market Research & Consulting was founded with a sole intention of providing growing companies with key actionable data for helping them take informed business decisions pertaining to their investments, marketing strategies, market competition, new product launches and etc.

Axiom MRC believes that for being able to take good strategic decisions or for business planning, companies need to understand and interpret the current market scenarios correctly. Axiom MRC follows a scientifically developed research methodology where the end to end value chain of the industry vertical is studied. Axiom MRC’s research methodology helps to extract, analyze and compare markets along with peer markets, main or parent market, application and end user industries, competitive landscape and qualitative figures to arrive at market numbers.Axiom MRC also validates the market findings with key industry professionals and its client network and takes their opinion into consideration. The key findings are presented with smart infographics for better and easy understanding.

Backed by a team of experienced senior analyst, who have worked with leading research firms and delivered number of market research projects globally, Axiom MRC is able to cater to all market research and business consulting requirements.Axiom MRC offers business consulting, syndicated and custom market research reports across various industry verticals such as life science, chemicals & materials, food & beverages, packaging, agriculture, power & energy.